SandRidge Energy Inc. (OTCMKTS:SDOC) has seen a massive surge in volume and price in recent days after the Company made $50.1 million in interest payments to bondholders. On March 15, 2016 SDOC made payments of approximately $21.7 million in satisfaction of its obligations under the 2023 Notes. Further, on March 16, 2016, the Company made approximately $28.4 million in interest payments then due with respect to its 7.5% senior notes due 2021.The payments represent a massive vote of confidence coming from management.
SandRidge is the largest oil producer in the water-rich Mississippi Lime formation in northwestern Oklahoma and accounted for about one-third of all the produced saltwater disposed into Arbuckle zones in 2014, according to an analysis of volume data from the Oklahoma Corporation Commission.
SDOC is a big Oil company. SDOC= Strong Buy. Go SDOC $$$$$$$$$$$
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